Cryptocurrency Q&A
Why is Bitcoin fee so high?
Why is Bitcoin fee so high?
Tommaso
Thu Nov 28 2024
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6 answers
1555
I'm trying to understand why the transaction fee for Bitcoin is so expensive. I've heard it's related to the blockchain technology and mining process, but I'd like a more detailed explanation.
6 answers
BitcoinBaronGuard
Sat Nov 30 2024
Transactions are composed of data, and this data is quantified in bytes.
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EnchantedMoon
Fri Nov 29 2024
Consequently, they require higher transaction fees.
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ZenHarmony
Fri Nov 29 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services. These include spot trading, futures trading, and a wallet service.
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Chiara
Fri Nov 29 2024
Transactions that are more intricate involve a greater amount of data.
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KatanaBlade
Fri Nov 29 2024
As a result, these transactions are more costly compared to simpler ones.
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